Once upon a time, the word “socialist” wasn’t considered a dirty word. In fact, in 1912, roughly a million people (6 percent of the popular vote), voted for a socialist for president. He is the subject of filmmaker Yale Strom’s new documentary, “American Socialist: The Life and Times of Eugene Victor Debs,” in limited release in New York from April 27 through May 3 and in Los Angeles from May 4 through May 10.

Richard D. Wolff, a celebrated Marxian economist and author of nine books on Marxism and the decline of capitalism, spoke Monday, April 27 at Occidental College to a packed house in Choi Auditorium. The event was co-sponsored by the LA Progressive and Democracy at Work, the economic justice non-profit co-founded by Wolff.

Donald Trump is hacking away at working-class benefits. We’re in a period of extreme deregulation, deep tax cuts for business and the rich, extreme protectionism, and rising debt, even as the Federal Reserve increases interest rates. Together, these developments leave the working class with lower wages and benefits, higher prices, and reduced government services.

This week on Economic Update, Professor Richard D. Wolff provides updates on big French strikes to protect workers' gains, rising sub-prime loans, students pay more as states pay less for public tuition costs, West Virginia teachers strikes...READ MORE

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Richard D. Wolff is Professor of Economics Emeritus at UMass Amherst and a visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Richard Wolff is also a co-founder and active contributor of his non-profit: Democracy at Work